iSAM Funds UK Ltd Purchases New Position in NorthWestern Energy Group, Inc. $NWE

iSAM Funds UK Ltd acquired a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) during the 2nd quarter, Holdings Channel reports. The fund acquired 13,394 shares of the company’s stock, valued at approximately $687,000.

Other institutional investors have also modified their holdings of the company. State Street Corp increased its position in shares of NorthWestern Energy Group by 0.5% during the 2nd quarter. State Street Corp now owns 2,594,485 shares of the company’s stock valued at $133,097,000 after purchasing an additional 12,530 shares during the last quarter. Geode Capital Management LLC boosted its stake in NorthWestern Energy Group by 0.5% during the second quarter. Geode Capital Management LLC now owns 1,577,465 shares of the company’s stock worth $80,938,000 after buying an additional 7,684 shares during the period. Franklin Resources Inc. boosted its stake in NorthWestern Energy Group by 0.8% during the second quarter. Franklin Resources Inc. now owns 1,334,017 shares of the company’s stock worth $68,435,000 after buying an additional 11,084 shares during the period. Systematic Financial Management LP increased its position in NorthWestern Energy Group by 2.7% during the second quarter. Systematic Financial Management LP now owns 1,145,309 shares of the company’s stock valued at $58,754,000 after acquiring an additional 30,471 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in shares of NorthWestern Energy Group by 11.7% in the second quarter. Westwood Holdings Group Inc. now owns 1,118,650 shares of the company’s stock valued at $57,387,000 after acquiring an additional 117,449 shares during the period. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

NWE has been the subject of several analyst reports. Wells Fargo & Company assumed coverage on shares of NorthWestern Energy Group in a report on Monday, October 27th. They issued an “equal weight” rating and a $58.00 target price for the company. Barclays increased their price objective on shares of NorthWestern Energy Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $58.75.

NorthWestern Energy Group Trading Up 1.1%

NYSE NWE opened at $67.00 on Thursday. The stock has a market cap of $4.11 billion, a PE ratio of 18.36, a PEG ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 12 month low of $50.43 and a 12 month high of $69.23. The company’s 50-day moving average price is $63.02 and its 200-day moving average price is $57.46. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Equities research analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.66 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.9%. NorthWestern Energy Group’s payout ratio is presently 74.79%.

NorthWestern Energy Group Profile

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.